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Almost three-quarters, 72 percent, of shoppers with the highest spending power in the United States have bought something via e-commerce in the last three months. While brick-and-mortar shopping still accounts for the bulk of luxury spending, e-commerce has increased 113 percent in the past 10 years, versus physical retail's 17 percent.
Amazon is developing a new drive-up concept for grocery items, according to sources close to the e-commerce retailer. Located in Silicon Valley, consumers would order grocery items online, then schedule a pickup at a dedicated facility.
Amazon reported its first profit in history for the second quarter. Sales jumped 20 percent to earnings of $92 million, compared with a loss of $126 million in the same quarter one year ago. In addition, Amazon announced the opening of a 46,000 sq. ft. fashion photography studio in London.
Amazon announced an expansion of its home services program into 15 cities. The service is now available in Atlanta, Boston, Chicago, Dallas-Fort Worth, Houston, Miami, Philadelphia, Phoenix, San Diego, Washington D.C. and San Jose, California, as well as light coverage in other select regions.
Walmart has acquired the outstanding shares of Chinese e-commerce retailer Yihaodian. With full ownership, Walmart plans to invest in its e-commerce growth and further consumers' omnichannel experience across online, mobile and physical stores.
Target is turning to the internet to promote back-to-school, its second biggest selling season. Using a "School List Assist" tool on its website, social media influencers to interest kids, and deals aimed at parents, Target wants to position itself as a one-stop shopping destination. The school list tool is new to Target.com and provides a curated list of school supplies that can be ordered online for delivery to homes or to stores. During the back-to-school selling season, Target plans to continue to use social media to highlight products and trends.
Staples has relaunched its business-to-business website, Staples Advantage, to better serve mid to large-sized businesses. The new site has an online tool for managing customer accounts, content is better optimized for mobile and desktop, and browsing and checkout is faster.